Forecast for EUR/USD on July 10, 2019


The euro, apparently, is in no hurry to hit its goal of 1.1155 - the Fibonacci level 110.0% on the daily chart. It only fell by 5 points yesterday. The slower the price moves away from the technical resistance, the more likely it is to reverse it. The nearest goal for a corrective growth is the MACD line on the daily chart at 1.1240. If this does not happen, the price will overcome yesterday's low, the goal of 1.1155 will remain relevant.


On the four-hour chart, the Marlin oscillator signal line attempts to move to the growth zone, this is a direct sign of a possible price increase to the balance line that coincides in the price level (1.1240) with the target on the daily chart, and further, in case of favorable circumstances, to the MACD line at 1.1274.


The reversal of the signal line from the boundary with the growth territory can destroy the corrective plan. In order to do this, the price drop should be quick.

The material has been provided by InstaForex Company -